Introducing the New FASB Outlook!Welcome to the FASB Outlook, the new quarterly newsletter of the Financial Accounting Standards Board.
The FASB Outlook is designed to keep stakeholders informed about key FASB projects and activities. It presents current accounting and financial reporting issues in a “plain-English,” user-friendly, format designed to provide quick access to stories of interest to the busy professional.
From the Chairman's Desk2014 promises to be a busy year for the Financial Accounting Standards Board...
As joint projects with the IASB wind down, we’ll begin work on developing a new agenda that will focus on “big picture” projects as well as other projects that will seek to reduce complexity and promote transparency through improvements in recognition, measurement, disclosure, and interpretation.
What You Need to Know About: Revenue RecognitionRevenue is an important measure to users of financial statements in assessing a company’s performance and prospects. However, revenue recognition guidance differs in U.S. Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS)—and many believe both are in need of improvement.
- Introducing the New FASB Outlook!
- From the Chairman's Desk
- What You Need to Know About: Revenue Recognition
Focus On Footnotes
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On the Agenda